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BitFuFu
This Bitcoin Miner from Wall Street Bets High on Bitcoin $90K ATH, Securing $100M Credit
- BitFuFu secures credit facility from Antpool Technologies with 6.5% interest rate, backed by Bitcoin collateral.
- The move comes when BTC rises more than 25%, entering the price discovery mode.
Tuesday, 12/11/2024 | 10:10 GMT by
Damian Chmiel
Wall Street Bitcoin Miner Expands to Ethiopia to Combat 170% Surge in Production Costs
- BitFuFu Inc. is acquiring an 80-megawatt Bitcoin mining facility in East Africa to achieve 4.6 EH/s of mining capacity.
- The specter of record-high BTC production costs has painfully slashed the profits of this and many other crypto miners.
Tuesday, 22/10/2024 | 11:21 GMT by
Damian Chmiel
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